Ok I'm going to start off with your typical disclaimer bullsh*t stuff here in saying that applications could vary, It's not my fault if you run into different problems or if you can't get it to fit, yadda, yadda, yadda. With that aside....
Why change rears in the first place? Well, if you have been around the S-10 scene or have a little background knowledge of the GM 10 bolts, you will know that the factory 7.5 and 7 5/8 rears are pretty unpredictable. There are guys out there who have run 10's, 11's, 12's on them with no problem then there's guys who didn't even make it off the starting line with a stock 350 snapping an axle or blowing the diff. Overall you could call it a pretty weak rearend unless you have upgraded axles, swapped the factory posi-loc for an eaton style, etc. and even then you still have a timebomb.
Personally I decided on the swap for a few reasons. #1, my truck came with an open diff and I couldn't pull any better than 2.4x 60' times at the track so the first thing I needed was a posi. Well after looking at my posi options and realizing how thin my wallet was, I had to come to a decision. I could either buy a factory style timebomb locker (G80 option) for $75-150, I could buy powertrax locker with unpredictable handling for $200-250, or I could dish out the dough on a quality eaton posi for $300-350. Now despite my worries of the posi's themselves I'm still using the puny 26 spline axles unless I want to dish out more on those and even then I still have a relatively small and weak rear end which I could risk breaking and wasting all the above invested money.
This is where I made my decision. I had heard a rumor that
Ford Explorer rear ends were similar in width and were supposedly a good match to swap. This rear has a ring gear of 8.8 inches and is just as strong as a Chevy 12 bolt. They also have massive 1.32" diameter axles with 31 splines. On top of both all that, the limited slip rears only come in 3.55, 3.73, or 4:10 gears. All 3 are pretty awesome gears for street/strip. AND!! Last but not least, if you find one out of a '95+ Explorer it means they will have disc brakes, yes!! You can be upgrading strength, adding a posi, getting better gears, AND making a huge rear brake upgrade to discs all in one swap... can you imagine the money saved from doing that to your 10 bolt? Unfortunately there is next to zero resources out there rather than rumors on this swap, but with nothing to lose, I took some measurements of my stock 2wd rear from backing plate to backing plate (48") as well as the spring perch measurements (38.5"), and a copy of my bolt pattern and I headed off to the local junkyard. The first one I found was a '92 Explorer sitting on some tires. I took the measurements and found that the 8.8 rear was about 6 inches wider (3 inches per side) from backing plate to backing plate and 0.5" wider from spring perch to perch. Close enough for me!
I ran the numbers on the tag and found it to be equipped with 3.73 gears and a posi. I was given the price of $175 for the complete unit and all the connecting pieces including the sway bar and I jumped right on the deal.
*ADDED* Results may vary! I have had a few people talk to me and tell me that they have gotten different measurements on the width of the axle. I encourage everyone to go out and do measurements before they get involved or purchase the axle.